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Бакалавриат 2023/2024

Аудит

Направление: 38.03.01. Экономика
Когда читается: 4-й курс, 1-4 модуль
Формат изучения: без онлайн-курса
Охват аудитории: для своего кампуса
Язык: английский
Кредиты: 10
Контактные часы: 112

Course Syllabus

Abstract

This course introduces students to the principles of external auditing and other assurance services. Both theoretical and practical aspects of the audit process will be considered including recent developments in the organisation of the profession, the regulatory framework governing practitioners and factors affecting the future evolution of the practice of auditing and other assurance services. Basic prerequisite for the students: Principles of Accounting
Learning Objectives

Learning Objectives

  • to introduce students to the principles of external auditing and other assurance services
  • to provide students with an understanding of the nature of the function of auditing and other assurance services and the principles of the related processes
Expected Learning Outcomes

Expected Learning Outcomes

  • describe, in general terms, the processes involved in auditing and other assurance services
  • discuss current developments in auditing and other assurance services
  • discuss the duties of auditors and other assurance providers, how these have changed over time
  • discuss the form, content and importance of auditors’ reports provided at the end of the audit or assurance service
  • discuss the issue of legal liability arising from audits and other assurance services
  • distinguish between compliance and substantive testing and describe various audit tests
  • explain the meaning of concepts that are fundamental to auditing and assurance services, such as ‘independence’, ‘audit evidence’, ‘audit risk’, ‘materiality’
  • explain why external audits and other types of assurance services are conducted
Course Contents

Course Contents

  • 1. Reasons for auditing
  • 2. Postulates and concepts of auditing
  • 3. Audit reporting. Assurance engagements
  • 4. Audit evidence
  • 5. Audit planning
  • 6. Risk and materiality
  • 7. Internal controls
  • 8. Compliance testing
  • 9. Internal audit
  • 10.Fraud and going concern
  • 11.Substantive testing: income statement and financial position
  • 12.Sampling
  • 13.Computer assisted audit tecniques
  • 14.Completion and review
  • 15.Corporate governance
  • 16.Audit committees, corporate responsibility
  • 17.Audit regulation and auditors’ liability
  • 18.Auditors’ duties and responsibilities
  • 19.Audit engagements: staffing, documentation, quality control
  • 20.Criticism and developments in audit, audit society, future of audit
  • 21 Revision and Students' Presentations
Assessment Elements

Assessment Elements

  • non-blocking Final exam
    • Final exam (mid of April) is in the format similar to the LSE exam: Section A – case studies, Section B – essay questions. There is a choice of questions in each section.
  • non-blocking Interim exam
    • Interim exam: at the end of the 2nd Module (end of December) –2 case studies and 1 essay question. Students should attempt to answer all the questions.
  • non-blocking Home Assignments
    • Home assignments will be given every week or two; can be in the form of a case study, an essay question, an article analysis, an investigation, a presentation etc.
  • non-blocking Interim test
    • Interim test: at the end of the 1st Module (end of October) –1 case study and 1 essay question. Students should attempt to answer all the questions.
  • non-blocking Classwork
    • Classwork – regular participation in discussions during seminars, not simply attendance.
Interim Assessment

Interim Assessment

  • 2023/2024 2nd module
    0.075 * Classwork + 0.075 * Classwork + 0.1 * Home Assignments + 0.1 * Home Assignments + 0.45 * Interim exam + 0.2 * Interim test
  • 2023/2024 4th module
    0.075 * Classwork + 0.075 * Classwork + 0.65 * Final exam + 0.1 * Home Assignments + 0.1 * Home Assignments
Bibliography

Bibliography

Recommended Core Bibliography

  • Principles of external auditing, Porter, B., 2014
  • The audit process : principles, practice and cases, Gray, I., 2015

Recommended Additional Bibliography

  • Turley, S., & Sherer, M. (1997). Current Issues in Auditing : SAGE Publications (Vol. Third edition). London: SAGE Publications Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=716896

Presentation

  • Audit presentation

Authors

  • SHURCHKOVA TATYANA SERGEEVNA